WELCOMING the GST rollout vis-a-vis real estate on Saturday, Shrikant Paranjape, president, Confederation of Real Estate Developers Association of India (CREDAI) Pune Metro, called it a major structural tax reform. “Steps like RERA and GST will increase transparency in the segment,” he said. In a statement, CREDAI said it believed that real estate developers will […]
Having put in place an interim authority much ahead of the central act, the Haryana government will notify the Haryana Real Estate Regulation Authority (HRERA) Act 2016 by July 15. The Union government had notified that the Real Estate Regulation Authority (RERA) Act should be in force from June 1. The act assumes importance in […]
After demonetisation, the Real Estate (Regulation and Development) Act or RERA is being enforced to realise the ‘housing for all’ initiative by the government, and the implementation of the upcoming Goods and Services Tax (GST) will further streamline the real estate segment in India. GST is designed to encourage transparency and ease of doing business […]
Come July 1, under-construction projects will attract a goods and services tax (GST) rate of 12%. Amid all the hullabaloo over the unified tax regime in the country, speculation is rife on would it lead to a hike in property prices? The members of CREDAI (RNE) Raj Nagar Extension, believe that property prices will go […]
After much delay, the railway overbridge at Basai on Dwarka expressway was inaugurated by chief minister Manohar Lal Khattar on Saturday. The RoB which is located at the junction of Sector 100 and 37-D at Basai village will fill a crucial connectivity gap on the 18-km-long Dwarka Expressway. The construction work on RoB was completed […]
From this month-end, expect the perennial congestion at Hero Honda Chowk to reduce considerably. The much-awaited flyover at the busy crossing on Delhi-Gurgaon expressway will be fully functional and thrown open to traffic on June 30, reducing traffic load at the existing crossing. The Gurgaon-Jaipur side of the flyover has already been opened to traffic. […]
According to an ICRA note, the impact of GST on both the key sectors of the economy is largely expected to be neutral. The much-awaited Goods and Services Tax (GST) rates have been finalized for various sectors including the Construction and Real Estate. According to an ICRA note, the impact of GST on both the […]
The stakeholders are not very clear about the impact of the changing environment on account of policy interventions like Real Estate (Regulation & Development) Act, 2016 (RERA), Benami Transactions (Prohibition) Amendment Act, 2016 and Goods and Services Tax (GST). Sentiment in real estate sector has improved post demonetization but the industry is still in ‘wait […]
Circle rates of properties across segments have been slashed by 3-8% in Gurgaon, a premium real estate market, for the financial year of 2017-18. Industry experts and government officials believe that the rate cut, the second in a row, will lead to a price correction that will help boost a sluggish market as more homebuyers […]
It has been over 3 weeks since the Real Estate (Regulation and Development) Act, 2016 commonly known as RERA has come into force. Though the law directs States and Union Territories to set up respective regulatory authorities, only 13 states and UTs had notified rules for the same. Moreover, there have been widespread allegations/reports that […]